Statistics: Informed Decisions Using Data (4th Edition)

Published by Pearson
ISBN 10: 0321757270
ISBN 13: 978-0-32175-727-2

Chapter 11 - Section 11.5 - Assess Your Understanding - Applying the Concepts - Page 579: 20b

Answer

P-value $=0.006\ltα=0.05$. Reject the null hypothesis. There is enough evidence to conclude that the daily volume of General Electric Corporation stock is greater than that of Pfizer.

Work Step by Step

$H_0:~µ_d=0$ versus $H_1:~µ_d\gt0$ In MINITAB, enter the Volume of GE values in C1 and the Volume of Pfizer values in C2. Select Stat -> Basic Statistics -> Paired-t Select "Each sample is in a column" In Sample 1 enter C1 and in Sample 2 enter C2 Click in Options. Enter 95 in Confidence level, 0 in Hypothesized difference. In "Alternative hypothesis" select "Difference $\gt$ hypothesized difference". Click OK. Click OK.
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